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Basic Savings Strategy-Perfect Approach to Build Long-Term Wealth By staff columnist, Alexandra Deluise There are few things I enjoy in this world more than pie. Aside from being really delicious, pie also serves as a great guideline when designing savings plans. After all, who doesn’t want a big piece of financial pie? My favorite pie is apple, whereas my husband prefers pumpkin. Just as our tastes differ, so might your financial pie differ from the examples I have shown here. These pie charts are meant to be guidelines and hints, but are no substitute for professional financial advice. By...

California’s CalSavers is a Model Roth IRA Retirement Savings Program By staff columnist, Alexandra Deluise One of the most emphasized pieces of wealth-building includes maxing out any and all workplace retirement accounts. In fact, this is one of the common suggestions for people looking to become millionaires. Calsavers can help! Automated investing can make or break your retirement success. Taking advantage of tax-deferred retirement accounts, such as an IRA or 401(k), is another way that employees can ensure that they are making the best use of their earnings. While this is solid advice, it overlooks one key detail: not...

The HSA Can Catapult Your Wealth Several years ago, I was floored when my health insurance premiums topped $500. Oh, for the good old days. Last year, I paid over $700 per month. Recently, I gingerly opened next year’s health insurance estimate to discover that in 2019, I’ll pay more than $800 per month. And my health insurance plan has a deductible of thousands of dollars. Which means that before the health insurance company pays a reasonable percent of my health care expenses, I shell out thousands of dollars. Here’s where the beauty of a Health Savings Account (HSA)...

Get Wealthy-Beyond Money “Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.” Oprah Winfrey from Brainyquote.com In my youth, whenever something bad happened, my mom and dad said, “Well, it could be worse.” I’ve grown accustomed to training myself to jot down things I’m grateful for every day. Searching for a beautiful nugget in the worst situation can tweak your focus from what you lack to the abundance in your life. My Mom wrote this article several years ago, and I cherish it...

By, Qplum Content Team Smart and Easy Ways to Withdraw Retirement Funds Most of us look at retirement with both a sense of anticipation and a feeling of dread. It is not easy to transition from accumulating wealth to suddenly managing years of withdrawals. Before you experience the joie de vivre, it would be prudent to consider chalking out a drawdown strategy that works for you. You have worked hard to accumulate wealth. You need your wealth to last through your life without running out. Knowing how to decumulate and generate income in a tax-efficient way is a complex task, but...

Playing the Lottery and Investing The lottery pot is the biggest it’s ever been. And lines are forming to buy a ticket. Yet, the best way to play the lottery is using another approach. After all, aren’t you playing the lottery to get rich? Here’s a way to get rich with a greater probability of success than playing the lottery. If you are a lottery player, I want to help you. If you put $50 per month in the lottery over 10 years, you will have spent $6,000. The odds of winning the powerball or mega millions is roughly...

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I am a portfolio manager, former university finance instructor, and successful investor committed to sharing my personal finance expertise with you. I am not a licensed financial advisor. Please do not construe the suggestions on this website as recommendations for your personal situation. For any individual financial advice please seek your own licensed and/or registered personal financial adviser or CPA. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise.